Permittee does not apply for a petroleum production licence or a petroleum retention lease
(1) If:
(a) a petroleum exploration permittee could apply under section 168 for a petroleum production licence in relation to a block or blocks; and
(b) the permittee does not:
(i) within the application period mentioned in subsection 169(1), make the application; or
(ii) within the application period mentioned in subsection 141(3), apply under section 141 for a petroleum retention lease;
then:
(c) the petroleum exploration permit is revoked to the extent to which it relates to that block or those blocks; and
(d) the revocation has effect at the end of whichever is the later of the application periods mentioned in paragraph (b).
Permittee does not apply for a petroleum production licence
(1A) If:
(a) a petroleum exploration permittee applies under section 141 for a petroleum retention lease in relation to a block or blocks; and
(b) a notice refusing to grant the petroleum retention lease is given to the permittee under section 143; and
(c) the reason for the refusal is that the Joint Authority is not satisfied as to the matter referred to in subparagraph 142(b)(ii); and
(d) after the section 143 notice is given, the permittee does not, within the application period mentioned in subsection 169(3), apply under section 168 for a petroleum production licence in relation to that block or those blocks;
then:
(e) the petroleum exploration permit is revoked to the extent to which it relates to that block or those blocks; and
(f) the revocation has effect at the end of the application period mentioned in subsection 169(3).
Permittee's application lapses
(2) If an application made by a petroleum exploration permittee under section 168 in relation to a block or blocks lapses:
(a) the petroleum exploration permit is revoked to the extent to which it relates to that block or those blocks; and
(b) the revocation has effect:
(i) at the end of the application period; or
(ii) on the lapsing of the application;
whichever is the later.
Note: For lapsing of applications, see section 260.
Lessee's application lapses
(3) If an application made by a petroleum retention lessee under section 170 in relation to a block or blocks lapses:
(a) the petroleum retention lease is revoked to the extent to which it relates to that block or those blocks; and
(b) the revocation has effect on the lapsing of the application.
Note 1: For lapsing of applications, see section 260.
Note 2: See also subsection 132(3) (revocation of declaration of location where block is no longer the subject of a petroleum exploration permit or a petroleum retention lease).
Exception--permit affected by a change to the boundary of the coastal waters of a State or Territory
(4) This section does not apply in relation to a petroleum exploration permit if:
(a) the permit has been granted on the basis that an area (the relevant area ) is within the offshore area of a State or the Northern Territory; and
(b) as a result of a change to the boundary of the coastal waters of the State or Territory, the relevant area:
(i) ceases to be within the offshore area of the State or Territory; and
(ii) falls within the coastal waters of the State or Territory; and
(c) immediately before the change, the relevant area was a part of the permit area.
(5) For the purposes of subsection (4):
(a) disregard section 283; and
(b) it is immaterial whether the change occurred before, at or after the commencement of this subsection.